JUST IN: Reps Summon Jonathan Over Malabu Oil Deal

Hamilton Nwosa
Writer

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Cuts to US oil jobs and spending threaten output growth

The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in a generation, in what could mark the end of the rapid output growth that made the U.S. the world's top producer. The Organization of the Petroleum Exporting Countries and its…

‘Godfather of AI’ says the technology will create massive unemployment and send profits soaring — ‘that is the capitalist system’

Pioneering computer scientist Geoffrey Hinton, whose work has earned him a Nobel Prize and the moniker “godfather of AI,” said artificial intelligence will spark a surge in unemployment and profits. In a wide-ranging interview with the Financial Times, the former Google scientist cleared the air about why he left the tech giant, raised alarms on potential threats from AI,…

News Corp Announces Resolution of Murdoch Family Trust Matter

News Corporation ("News Corp" or the "Company") (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today announced that the trustee and beneficiaries of the Murdoch Family Trust ("MFT") informed the Company that they have reached a mutual resolution of the legal proceedings in Nevada related to the MFT, resulting in the termination of all litigation. New trusts…

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The House of Representatives has summoned the immediate past President, Goodluck Jonathan over the ongoing investigations into the Malabu Oil deal.

Jonathan is being summoned to testify in the ongoing investigation.

Recall that the Movement for the Emancipation of the Niger Delta, MEND, had in April urged the House of Representatives, to compel Jonathan to appear before it over the controversy surrounding the OPL 245 Malabu oil deal.

Details later…

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